VEF AB (OSTO:VEFAB)
kr 2.5 -0.02 (-0.79%) Market Cap: 2.78 Bil Enterprise Value: 3.05 Bil PE Ratio: 0 PB Ratio: 0.61 GF Score: 30/100
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Q2 2024 Vef AB (publ) Earnings Call Transcript

Jul 17, 2024 / 01:00PM GMT
Release Date Price: kr2.25 (-5.07%)
David Francis Nangle;publ;Chief Executive Officer
Vef AB;Board Member

()- -

Good morning and good afternoon, everybody, and welcome to the VEF Q2 first half 2024 results conference call. Very happy to have you all with us today. And the slides for this as ever are online on our website but also through the video portal. And as per usual, myself, and I'm joined by Alexis Koumoudos, our CIO. We will go through a number slide, about 15 slides in the next 15 minutes. And then we're very happy to open up to Q&A.

And moving to slide number 2. I think the key events of the quarter, top three are probably most important here for you, the investor. From an NAV point of view, it's been a flattish performance year to date. In the quarter, we were off a couple of percent in USD and up a couple of percent in SEK given the weakness of the SEK, and -- but up 14% from Q4 '22 levels. I think the key message here that Alexis will go through in a bit more detail is underlying strength year-to-date in the portfolio that's driving the NAV, and we like that, but some

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